Centennial Bank AR Sells 50 Shares of Invesco QQQ (NASDAQ:QQQ)

Centennial Bank AR decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 250 shares of the exchange traded fund’s stock after selling 50 shares during the period. Centennial Bank AR’s holdings in Invesco QQQ were worth $122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter worth about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $487.43 on Monday. The firm has a fifty day simple moving average of $481.80 and a 200-day simple moving average of $469.11. Invesco QQQ has a 1-year low of $360.30 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.